• Inditex, the parent company of Zara, has reported its quarterly sales growth at 7%, which aligns with market expectations.
  • Bbva is seeking approval from the European Central Bank for a hostile takeover bid for Banco de Sabadell.
  • A judge has significantly reduced the $2.25 billion Roundup verdict against Bayer to $400 million.
  • Equinor has signed a power purchase agreement for the Empire Wind 1 project with New York.
  • S&P Global has improved the outlook on Ubs's "A-" credit rating from "negative" to "stable."
  • The joint venture between Metall Zug and Miele has received regulatory approval.
  • Avolta has begun a cooperative venture with fintech company Utu.
  • Hewlett Packard Enterprise's share price surged 15.3% in pre-market trading after the company forecasted better-than-expected third-quarter sales, buoyed by strong demand for its AI servers. 
  • Intel experienced a 1.3% gain in pre-market trading after Apollo Global Management agreed to acquire a 49% stake for $11 billion in a joint venture concerning Intel's new production facility in Ireland.
  • Nxp Semiconductors and Vanguard, with backing from Tsmc, have announced a $7.8 billion joint venture in Singapore to produce silicon wafers, as part of a trend among chipmakers to diversify their production bases.
  • Deere & Co has announced unspecified job cuts in response to falling demand for agricultural equipment.
  • Campbell Soup's shares have dipped by 0.9% in anticipation of its upcoming earnings report, with analysts predicting a rebound in sales after two quarters of decline.
  • Crowdstrike's shares rose by 6.8% in pre-market trading as the company raised its sales forecast for the second quarter.
  • Dollar Tree is exploring strategic options, including a potential sale or spin-off of its Family Dollar subsidiary, as reported by the Wall Street Journal.
  • AbbVie and UnitedHealth Group have both been upgraded from "hold" to "buy" by HSBC.
  • Swisscom is preparing to divest its 4.5% stake in Fibercop.
  • BlackRock and a group backed by Citadel are reportedly launching a new national stock exchange in Texas, according to the Wall Street Journal.
  • Tesla is anticipated to invest between $3 and $4 billion in Nvidia hardware this year.
  • Ford has introduced a new electric model in an effort to catch up in the European market.
  • First Solar and Qcells have been selected as preferred suppliers for eco-friendly panels by the US government.
  • Elliott has acquired a $2 billion stake in Softbank and is reportedly advocating for $15 billion in share buybacks, as per the Financial Times.
  • Chinese AI chipmakers are reportedly adjusting their designs to ensure they can continue to secure production capacity from Tsmc.
  • Scorpion Capital has taken a short position in Lasertec.

Today's key earnings reports include Hon Hai Precision, Costco Wholesale, Lululemon Athletica, Dollar Tree, Brown-Forman, Campbell Soup, and Inditex.